ERP for Pharmaceutical and Medical Industry
The Indian pharmaceuticals sector is the third largest, in terms of volume and the thirteenth largest in terms of value. Branded generics have power and influence over the pharmaceuticals market, constituting nearly 70 to 80 per cent of the market. India is the largest provider of generic drugs globally with the Indian generics accounting for 20 per cent of global exports in terms of volume. Recently, consolidation has become an important characteristic of the Indian pharmaceutical market as the industry is highly fragmented.
With a lot of transactions and movement happening in a pharma company, it is very important that all the transaction, customer details are kept in one place. From manufacturing, shipping, distribution to retail, it is very essential that the company keeps all its data in one place so that the accessibility to critical business data increases.
For doing all that and much more, Sage X3 solution, an ERP for pharmaceutical and Medical Industry has been armed with a highly regulated ERP for Pharmaceutical and Medical industry in India which not only offers a single view of all the processes, but also helps in streamlining all processes and help in growth and productivity.
As you must be aware that for any Pharmaceutical ERP, compliance with GMP & FDA requirement is considered of a prime importance. Though 21 CFR Part II has been launched, many companies are yet to tackle its practical implementation. User-friendly Sage ERP for Pharmaceutical and Medical Industry is compliant with all statutory regulations and it is quick to implement.
Pharmaceutical Industry can also be categorized under Batch Process Manufacturing. Sage ERP Solutions for manufacturing industries also makes the process of forecasting simple. It is a powerful end-to-end business integration solution for manufacturers in India.
Advantages of Sage ERP for pharmaceutical and Medical Industry :
Inventory Control – Having the right amount of inventory at a particular time can be decisive to success and if inventory management is improved, waste can be decreased. Better Inventory Management is also the key to better and successful Customer Relationships.
Multinational Management capabilities-Corporations are becoming increasingly global, and the ability to manage everything through a single streamlined software allows for expansion into new markets, supply of products globally and location of new suppliers.
Data Collection: This feature allows managers to stay up to speed with the latest industry trends by collecting and storing important customer, vendor and prospect data in a single place. Sage ERP solutions provide real time data accessibility from anywhere, any time and from any device.
Process manufacturing-One of the important functions in a Pharma company is the manufacturing of medicines. Even in helping to keep a record and streamline the manufacturing process, Sage ERP Solutions helps the manufacturers to keep service consistent and produce greater output. Control capabilities are in real time, which allows for maximum efficiency.